26Aug

Wee of August 26, 2008

12:00 GMT EURUSD current intraday fall from last Friday’s 1.4909 high has reached 1.4570 low as of this update, as a 1 hour open and close above 1.4699 will complete this fall at 1.4570. Our target of 1.4358 remains, as mentioned in our prior updates. (Please read our EURUSD Outlook dated August 21, 2008-8:00 GMT). […]
25Aug

Week of August 25, 2008

EURUSD’s short term fall from the August 11, 2008 high at 1.5083 is complete at the August 19, 2008 low at 1.4628 as prices subsequently moved within the 1.4802-1.4909 consolidation zone mentioned in our August 20, 6:00 GMT update, with prices eventually reaching 1.4909 last Friday. Prices have since moved lower today as a 4 […]
22Aug

Week of August 22, 2008

The EURUSD currently trades within the 1.4802-1.4909 consolidation zone as sited in our EURUSD update from yesterday. The fall from last week’s 1.5083 high is complete at Monday’s 1.4628 low once prices sustained above 1.4802. A sustained break of the forementioned consolidation zone will likely see prices continue to move in the direction of the […]
21Aug

EURUSD Outlook-Thursday, August 21, 2008

The EURUSD remains in a very strong short term and medium term down trend from the July 15, 2008 high at 1.6037 which is impulsive, whereas, from a broad outlook, the move lower remains corrective. I will explain in detail below, however, the fact is, the sell off from 1.6037 has been dramatic and could […]
21Aug

Week of August 21, 2008

The EURUSD remains bid today as prices should contunue to move higher towards 1.4827 followed by 1.4874. We have squared all of our positions ahead of the US data due out at 12:30 GMT, but will look for confirmation to buy EURUSD after the event risk for 1.4874 intraday target . The short term fall […]
20Aug

Week of August 20, 2008

The EURUSD’s fall from last weeks 1.5083 high remains active as only a one hour open and close above 1.4802 will complete this fall at yesterday’s 1.4628 low. Should prices close above 1.4802, the pair will then enter into a 1.4802-1.4909 consolidation zone before attempting another move to the downside. Again, until prices open and […]
20Aug

Week of August 20, 2008-Trade Update

At this writing the USD has made broad intraday gains while GBP remans broadly weak. EURUSD is holding within the previoulsy mentioned 1.4696-1.4737 consolidation zone, as today’s sustained break of 1.4737 saw prices move lower reaching 1.4688 low as of this writing. We expect further extension of today’s intraday move as we are looking for […]
19Aug

Week of August 19, 2008-European Session

The US dollar continues to make broad gains with the USDCHF surpasing our 1.1012 target sited in our August 6th update and now targeting 1.1446, while the EURUSD continues to move towards our previously sited 1.4358 target. GBPUSD continues the fall from the March 9, 2008 high at 2.0397 with a sustained break of 1.8512 […]
19Aug

Week of August 19, 2008-American Session

The US dollar has given back some of last weeks gains during the early US session today, as the fall from last week’s EURUSD high at 1.5083 remains active, as only a daily close above 1.4802 will complete this fall at today’s 1.4628 low, otherwise, the short term trend remains down. Intraday favors continued rise […]
18Aug

GBPUSD Outlook, Monday, August 18, 2008

The GBPUSD remains in a very strong impulsive move to the downside with potential for much lower prices in the months ahead. However, there are events which must unfold before further extension to the downside to multi-year lows is confirmed. And should this confirm, then the move lower will be an explosive move as supported […]

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